Hedge funds boost bearish bets on US equities amid market jitters

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Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs showed in a report. 'Hedge funds have been pressing U.S. shorts in five of the past six weeks, and this week's notional short selling was the largest since Sept. 22,' Goldman Sachs' prime brokerage team wrote. Hedge funds added short positions mainly in so-called macro products, including equity index and exchanged-traded funds, the bank said.

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